1. Always withdraw part of profit (no matter 10% or 50%, always do it)
2. Minimalize next position after successfully close previous (first position 4% balance in - closed with 200% profit, so You opening second position with 3% balance if it also closing with profit, then You opening next one with 2% balance, till You dont make loss, once You did it, next position back to normal size with 4%)
3. Always use limit orders, not market (saving much money by fees, market fees are much higher than limit)
4. Always watch your positions online
5. Always use stop losses
6. Never trade after alcohol or drugs
7. Take a rest at weekends (markets are usually manipulated at weekends and Your head is tired after 5-6 days work, so 1-2 day rest will let You rest and back with double strenght at monday)
8. When You dont feel comfortable this day, just leave it, there always be another chance (this tip is about not rushing the market)
9. Dont let others destroy Your trading plan (means if You have opened position with strategy - take profit, stop loss, entries, average entries, dont change it because You saw someone shared another opinion about it etc etc. Im sure you understand what i mean in this point)
10. Always be ready for every scenario. Ask Yourself a question what i will do if this position reach stop loss, i will open 2x bigger position to recover it or i will leave this pair and watch how it react with next support/resistance zone to re-enter. Or what i will do if it reach 1 take profit - book 40% position or 25%, or close all position and focus other trades. (You need know answer on those questions before you open position!!!)
11. Most important is draw conclusions!!! <--- Develop every day, make results history, check your previous trading days, find those bad, compare to good, check what You can do better, where You make mistakes, compare one$BTC $ETH more time.
